Half-Year 2020 Trade Volumes

NZX AND MEDIA RELEASE
16 April 2020
Napier Port half-year 2020 trade volumes
Napier Port (NZX.NPH) today releases trade volume data for the half-year to 31 March 2020 showing
growth in container traffic across its wharves from the earlier repositioning of empty containers ahead of
the peak primary export season and containerised exports from Hawke’s Bay being in-line with the prior
year.
Bulk cargos fell compared to the same half-year period a year ago with a decrease in log exports arising
from Covid-19 pandemic disruptions and adverse Chinese market conditions.
Container Services
Total container volumes rose 7.5% to 135k TEU
1
from 126k TEU in the same half-year period a year ago.
Containerised exports were in-line with the prior half-year. Import containers rose by 6k TEU, or 9.3%, to
69k TEU due to the earlier import repositioning of empty containers into the region.
Containerised export volumes in the period saw increased containerisation of pulp and timber products,
a later start for the apple export season, and lower canned food and other food and beverage exports.
Container vessel calls fell to 147 ships from 151 ships in the same period last year. Missed calls, due to
Covid-19 related shipping service disruptions, accounted for the decline.
Bulk Cargo
Bulk Cargo total volume of 1.6 million tonnes was 7.3% below the same half-year period a year ago. Log
export volumes were down 5.0% as the main export market of China was affected by Covid-19 disruptions
and high inventory levels. The log export decline, relative to the prior year, arose late in the first half-year
period.
Charter vessel calls were 153 compared to 167 in the same half-year period a year ago. Bulk imports
were lower than the same period a year ago due to lower fertiliser volumes, which was in line with
expectations.
Cruise Services
Cruise vessel calls in the half-year period rose by 10 to 76. However, visits were less than the 87 vessels
booked to visit in the 2020 season. The reduction was due to the cancellation of seven calls due to the
Covid-19 pandemic, and four due to unfavourable weather.
Chief Executive Todd Dawson said: “For most of the first half of the 2020 financial year, Napier Port has
continued to benefit from the strong export trades from Hawke’s Bay and the wider region. However, as
we signalled at the end of March, several key trades including logs, wood pulp and timber, are being
disrupted by the Covid-19 pandemic.
1
Twenty-foot container equivalent unit.

“Due to the Covid-19 situation, we are expecting trade volumes in the second half of the current year to
be lower, although the extent of the reduction remains uncertain.
“As an essential service provider in Hawke’s Bay, we are focused on ensuring we play our role in
minimising the impact of the pandemic on the region and the wider economy by ensuring the flow of
essential cargo across our wharves. We expect to provide a further update in late May when we release
our half-year financial results.”
Napier Port Half-Year 2020 Trade Volume Data
The below trade volume data provides a summary of actual half-year to 31 March 2020 results compared
to the prior period.
Napier Port notes that in the preparation of this data it has reclassified transhipped containers for FY2019
and FY2018 from exports and imports to ‘other container movements’ to more accurately reflect the
activity associated with those containers.
Container Services
TEU (000s)^
HY2020
Actual
HY2019
Actual
FY2019
Actual
FY2018
Actual
Exports
Wood pulp & timber 27 24 52 53
Canned food / other food & beverage 3 5 10 10
Other dry 6 7 14 13
Total dry3737 75 77
Apples & pears 4 5 26 24
Meat 9 9 16 14
Fresh & other chilled produce 7 7 12 10
Total reefer21 20 53 48
Empty 2 2 4 4
Total exports60 59 133 128
Imports
Dry 14 15 29 27
Reefer 2 2 4 3
Empty 53 47 99 96
Total imports69 63 132 126
Other container movements (‘DLRs
and Tranships’)
7 4 6 11
Total Container Services volume 135 126 271 266
Vessels
Container ship calls 147 151 303 329
^Rounded to nearest thousand TEU

Bulk Cargo
Kilotonnes
HY2020
Actual
HY2019
Actual
FY2019
Actual
FY2018
Actual
Log exports 1,184 1,2472,581 2,208
Other exports 80 95 167 177
Imports 333 382 656 686
Total Bulk Cargo volume 1,597 1,724 3,404 3,071
Vessels
Charter vessel calls 153 167 314 298
Cruise Services
HY2020
Actual
HY2019
Actual
FY2019
Actual
FY2018
Actual
Vessels
Cruise vessel calls 76 66 7057
ENDS
For more information:
InvestorsMedia
Kristen Lie Richard Inder
Chief Financial Officer The Project
DDI +64 6 833 4405 DD: 021 645643
E:kristenl@napierport.co.nz E:richard@theproject.co.nz
About Napier Port
Napier Port is New Zealand’s fourth largest port by container volume. We are the main gateway for
Hawke’s Bay exports and operate a long-term regional infrastructure asset that supports the regional
economy. Our strategic purpose is to collaborate with the people and organisations that have a stake in
helping our region grow. View Napier Port’s investor centre:www.napierport.co.nz/investor-centre/